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Banco Bilbao Vizcaya Argentaria Puerto Rico

San Juan, PR · Cert 19919

FDIC

Q3 2012

$5.0BAssets
$3.7BLoans
$3.4BDeposits
$616.6MEquity
Loan mix
39%RE $1.0B14%C&I $0.4B47%Consumer $1.2BQ3 2011Q3 2012
Deposit mix
79%Interest-bearing $2.7B21%Noninterest $0.7BQ3 2011Q3 2012

NIM

4.92%Q3 ’104.94%Q3 ’114.98%Q3 ’12+9%+12%

Non-interest income vs. expense

2.63%Q3 ’102.60%Q3 ’112.49%Q3 ’12+7%+4%

Executive Summary

  • Earnings: ROA of 0.90%, unchanged from a year ago; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.01%.
  • Funding: loans stand at 107.46% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.90%0 bps YoY

Net Interest Margin (quarter, annualized)

3.78%+39 bps YoY

Efficiency Ratio (quarter, annualized)

57.93%-566 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.89%0.59%0.67%0.84%0.90%0 bps
Return on Equity7.66%5.00%5.81%7.15%7.33%-33 bps
Net Interest Margin3.39%3.57%3.51%3.41%3.78%+39 bps
Efficiency Ratio63.58%63.22%61.18%61.33%57.93%-566 bps
Non-Interest Burden1.90%2.09%1.87%1.89%1.97%+7 bps
Growth
Asset Growth (YoY)-3.75%3.81%6.39%2.00%1.92%+567 bps
Loan Growth (YoY)-1.60%3.93%4.55%5.91%5.24%+684 bps
Deposit Growth (YoY)0.99%9.10%11.71%17.91%16.90%+1,591 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.75%1.84%1.00%1.13%2.01%+25 bps
Allowance / Loans4.04%3.57%3.58%3.48%3.20%-84 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.94%14.64%14.85%15.33%15.62%+68 bps
Equity / Assets11.90%11.69%11.46%12.05%12.43%+53 bps
Liquidity & Funding
Loans / Deposits119.37%124.49%113.02%107.07%107.46%-1,191 bps
Liquid Assets / Assets0.77%0.11%6.31%5.58%5.77%+500 bps
CRE / Total Capitaln/an/an/an/an/an/an/a